Prestige Property Specialist Targets Dubai

Posted by Jon Quayle — August 20, 2006

Prestige property specialist GQ Property of Mooloolaba plans to market its luxury property portfolio to the professional expatriate workforce on tax-free salaries in Dubai, the world’s fastest growing city. GQ Property Director of Sales, Simon Guilfoyle, said he had accepted an opportunity to provide consulting services over the next six months to Luxury City Real Estate Development Co, a rapidly expanding property development business owned by an Australian colleague in Dubai. “This is a strategic partnership that will be an opportunity for our clients to tap into the enormous wealth creation being experienced by expatiate executives working in Dubai, Mr Guilfoyle said. “This is a win-win partnership for GQ Property clients who will enjoy the best of both worlds. I will continue to represent their interests locally, and also in Dubai.’’ “A number of benefits will flow from this initiative including the opportunity to cement relationships with the growing number of Australian expatriates who work in Dubai, and who are seeking prestige property ownership opportunities.’’ Mr Guilfoyle said that Arab nationals were also increasingly receptive to prestige property acquisitions in Queensland waterfront locations. “Between 10-15% of Dubai’s population are western expatriates, and many of these are Australians in senior positions seeking to secure their future with sound investments.’’ “I believe this is a wonderful opportunity to combine my considerable experience in the Mooloolaba property market and make connections with global investors who enjoy a high disposable income and are motivated to buy prestige property.’’ Mr Guilfoyle said GQ Property had achieved more than $50 million in sales during the past 16 months, including some to overseas-based Australians. “I believe there is an untapped market in Dubai that offers considerable expansion in market reach for GQ Property clients.’’ Mr Guilfoyle said his Mooloolaba office would continue to deliver personalised service that achieved exceptional results. He said GQ’s Lifestyle Rentals business was an outstanding success with excellent forward orders for upcoming holidays. This would also be another niche opportunity to promote to expatriates seeking accommodation for short breaks and annual leave. Simon Guilfoyle available for interview on 0412 211 542 or (07) 5477 5529 About GQ Property: GQ Property specialises in marketing prestige properties in Queensland. It was founded at the end of 2004 by Valerie Guilfoyle, who was joined by husband Simon in January, 2005. GQ Property, which is listed in Who’s Who in Luxury Real Estate, is able to offer 35 years’ combined experience in residential, project marketing and commercial sales and leases. Web: http://www.gqproperty.com.au/